782

LAWS OF MARYLAND.

Dividends,

SEC. 5. And be it enacted, That the directors shall have
power to declare such dividends of the profits of the said com-
pany as they may deem proper; provided, that no dividend
shall be declared when the capital stock would be impaired
thereby.

Power to
receive money
on deposit,
etc.

SEC. 6. And be it enacted, That the said corporation shall
have power to receive money on deposit, subject to check or
otherwise; also to receive securities and other choses in action
and personal property of every kind and description from any
person or public or private corporation, upon such terms as
may be agreed upon, and to loan money on real or personal
security; to deal in exchange, foreign and domestic, and in
any and all descriptions of properties, personal effects, securi-
ties, mortgages, bonds, certificates of indebtedness, stocks of
incorporated companies, notes, loans or bonds of the United
States, or of any other State, city, county or municipality,
or of any incorporated company, or of any individual; pro-
vided, that no loan shall be made, directly or indirectly, to
any officer or employe of said coporation: and for any viola-
tion of this provision the party or parties consenting thereto,
directly or indirectly, shall be liable to said corporation for
the amount so loaned, and all expenses or losses which may
result therefrom.

Authority to
receive on
deposit
valuables of
all kinds.

SEC. 7. And be it further enacted, That the said cor-
poration shall be and is hereby authorized and empowered to
receive and keep on deposit all such valuables as gold, silver
or paper money, bullion, precious metals, jewels, plate, cer-
tificates of stock, or evidence of indebtedness, deeds or muni-
ments of title, or other valuable papers of any kind, or any
other article or thing whatsoever, which may be left or depos-
ited for safe keeping with said corporation; and it may and
shall be lawful for any of the courts of any State, into which
moneys, stocks, bonds or other property may be paid or de-
posited by agreement of parties, order, judgment or decree
of said court, to order and direct the same to be deposited
with said corporation, and any executor, administrator,
guardian or other trustee, or public officer having the control
of any bonds, stocks, securities, moneys or other valuables
belonging to others, shall be and is hereby authorized to
deposit the same for safe keeping with said company, and
said company shall be entitled to charge such commissions or
compensation therefor as may be agreed upon.

May invest its
capital.
Deposited
funds, etc.

SEC. 8. And be it enacted, That the said corporation shall
have power to invest its capital and the increment thereof,
and such funds as may be deposited with said corporation,